Veltex Corporation (VLXC)

[rogs]

Being a holder of some of these shares(VLXC) and continuing to keep some in the hope that this stock price will still make a higher low on this recent decline. However gradual that higher low might be. Now that I said that it will make and lower low and then shoot on up :)

There is another stock that recently caught my eye(TYRIA.OB). As with most huge and seemingly insurmountable problems(Sarbanes- Oxley compliance) in America, someone comes up with a solution.

Here is a segment from the last quarterly report from TYRIA. A BB stock.
http://biz.yahoo.com/prnews/050513/nyf047.html?.v=8
"...Meller said, "Our sales are rapidly growing. Market acceptance of our MAPADOC EDI solution is exceptional, and we are seeing results of our MAS 500 initiatives. We are working on becoming a significant participant in Sarbanes- Oxley compliance. Our deal flow for potential acquisitions continues to grow. In summary, we are extremely optimistic about the future and look forward to delivering superior financial results in the coming quarters.""


And

http://www.insidesarbanesoxley.com/sarbanes_oxley_blog/2004/09/trey-resources-announces-major.asp

Thursday, September 16, 2004

Trey Resources Announces Major Assignment In Lucrative Sarbanes-Oxley Compliance Market; To Conduct SOX Technology Audit For $400 Million Nasdaq Company
Trey Resources, Inc. (OTC Bulletin Board: TYRIA - News) announced today that SWK Technologies, its wholly owned subsidiary, has been awarded a contract to conduct a technology audit for Columbus McKinnon Corporation, a Nasdaq National Market company, as mandated by the new Sarbanes-Oxley legislation. These audits represent a new and rapidly growing profit center for SWK.

SWK Technologies anticipates completing many such audits in order to assist public companies in complying with the Sarbanes-Oxley Act of 2002. The company has recently added more professionals to ensure that the company is properly staffed for the rapidly growing demand for its services.

And
http://www.treyresources.com/services.aspx

Sarbanes - Oxley (SOX) IT Audits
SWK Technologies has completed several technology audits for public companies as mandated by the new Sarbanes-Oxley legislation, and views this as a high growth opportunity for the company. Sarbanes-Oxley was enacted largely in response to the large number of corporate and accounting scandals in the last few years, and establishes new standards for corporate accountability as well as penalties for corporate wrong doing. Compliance with SOX begins with management’s assessment of its internal controls over financial reporting, a complicated and expensive process. Forty-eight percent of public companies that need to comply with SOX will spend at least $500,000 on compliance, according to finance executives who participated in a recent CFO magazine survey.

FWIW, maybe one of these companies will really be able to report and really have profits that are verifiable.